Versatile Commercial Space in
For Sale
$349,900
1024 E Denman Avenue, Lufkin, TX 75901
SINGLE_FAMILY - Lufkin, TX
Property Size4,500 SF
Lot Size0.59 Acres
Price / SF$77.76
Days on Market505
Property Features for 1024 E Denman Avenue
General Information
Property type
Residential
Property subtype
Office
Zoning
Luf C Commercial
Elementary school district
Lufkin
Middle school district
Lufkin
High school district
Lufkin
Subdivision
Angelina
Standard status
Active
Size
4,500 SF
Lot size
0.59 Acres
Building Details
Year built
1995
Listing Agency:
Legacy Real Estate Group
(936) 632-3211
Listed By:
Courtney Gould · License #TREC 0560834
(936) 414-5322
Added: Mar 25, 2025
Changed: Jun 27
Last Checked: Aug 11 at 11:06PM
MLS# 65104079
Copyright © 2026 Deep East Texas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial space provides over 4500 sq ft in a high traffic location, with an additional 3027 sq ft of concrete parking area. The property, zoned for commercial use, includes lobby/retail space, office space, and ample warehouse space suitable for various business needs. The lot size is 0.59 acres.
Key Highlights
- High traffic location ideal for business exposure
- Over 4500 sq ft of commercial space
- Ample warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,063
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$541,260
$541.3K
Cap Rate 7%
$386,614
$386.6K
Cap Rate 9%
$300,700
$300.7K
Market Conditions
NOI Build-Up for 4,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.2K $8.04/SF
− Vacancy
−$4.3K −$0.96/SF
EGI
$31.8K $7.08/SF
− OpEx
−$4.8K −$1.06/SF
NOI
$27.1K $6.01/SF
Area
Angelina County, TX
Vacancy
12.00%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$541,260
Cap Rate 7%
$386,614
Cap Rate 9%
$300,700
Alternative Uses
Best Use
Retail
$870.8K
$761.9K – $1.02M
NOI $60,954 @ 7.0% cap · market cap 17.42%
Second Best
Office B
$831.7K
$727.7K – $970.3K
NOI $58,218 @ 7.0% cap · market cap 16.64%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,778 @ 7.0% cap · market cap 25.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75901, TX
28,373
Population
11,290
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
159.1 sq mi
ZIP Area
178
Density / Sq Mi
$59,083
Median Household Income
$35,479
Median Earnings
$1,085
Median Rent
$163,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Moe's Southwest Grill — 1920 E Denman Ave, Lufkin, TX 75901
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Frequently Asked Questions
What type of property is this?
Flex space - Over 4500 sq ft commercial space in high-traffic location.
Where is this flex space located?
The property is located at 1024 E Denman Avenue Lufkin, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: High traffic location ideal for business exposure; Over 4500 sq ft of commercial space; Ample warehouse space
